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Midday Market Update

Jul 20, 2018

US Market Snapshot

US stocks are mixed today, with the S&P 500 +0.03% and the Nasdaq Composite +0.14% higher, while the Russell 2000 -0.07% is lower. The S&P 500 is being led higher today by Consumer Staples (+0.55%), Technology (+0.36%), and Financials (+0.35%), while Real Estate (-0.73%), Telecom (-0.73%), and Utilities (-0.65%) are the biggest lagging sectors. The VIX is down 24 basis points, or 1.86%, to 12.63. Yield on the US 10-year is up 4.0 basis points, trading at 2.882%. The DXY USD$ index is down -0.59%, with the US Dollar weaker against all of the G10, with significant weakness in CAD$ (-0.94%), GBP£ (-0.73%), JPY¥ (-0.65%), and EUR€ (-0.57%). The most actively traded options today are SPY July 27 OTM Calls, EEM July 20 ATM Puts, and XLF August 17 OTM Calls.

*Data in Price Return; Source: Stockdio

S&P 500 Sector ETFs - Intraday

*Data in Price Return; Source: Stockdio

Russell 1000 Factor ETFs - Intraday 

*Data in Price Return; Source: Stockdio

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

General Electric (GE) is down 4.84% to $13.07 today, after the company beat earnings expectations, but weakening demand for the company’s gas turbines is weighing on investor outlook

Honeywell International (HON) is 4.24% to $153.79 today, after reporting higher than expected sales, which were driven by rising oil prices and increased spending on US defense

Signature Bank of New York (SBNY) has been downgraded to neutral from a buy rating at JPMorgan, due to rising net interest margin pressure and a worsening commercial real estate environment. Signature Bank’s stock has fallen 1.52%.

State Street Corp (STT) shares are trading 7.14% lower to $86.12, following news that the company plans to acquire Charles River Systems Inc for $2.6 billion